Stocks are higher and the Dollar is lower as traders climb back off the ledge.There wasn’t any real news to cause this-the Chicago PMI and consumer confidence both were slightly lower. However, there also hasn’t been any catastrophic news today-no GM bankruptcy talk today.The Dollar’s selloff has aided a broad swath of commodity prices.

June S&P:800 is psychological resistance, and 803 is a 50% retracement of the past three days’ selloff,
June Japanese Yen:Broker trendline support at 10137; the low for the move is 10054.
June Canadian Dollar:The rally failed, MACD looks ready for a bearish crossover, Watch yesterday’s low of 7912.
May Coffee:Good buy day rally, 116.03 is 50% retracement resistance
May Cotton:Upside breakout over 4500; 4674 is Fibonacci retracement resistance
May Crude Oil:See my blog post here.
May Soybeans:Extending the opening gains; trading over 940 resistance. There’s trendline resistance at 950-4. Midsession Futures Comments for March 31

Copyright 2009
This feed is for personal, non-commercial use only.
The use of this feed on other websites breaches copyright. If this content is not in your news reader, it makes the page you are viewing an infringement of the copyright. (Digital Fingerprint:

  • Share/Save/Bookmark
Futuresinsightblogcom?d=yIl2AUoC8zA Futuresinsightblogcom?d=dnMXMwOfBR0 Futuresinsightblogcom?i=Lt8AjJU_nFg:O8JibbN4izk:V_sGLiPBpWU Futuresinsightblogcom?i=Lt8AjJU_nFg:O8JibbN4izk:gIN9vFwOqvQ Futuresinsightblogcom?d=TzevzKxY174